Time to move on?

In 2012 the Nook business recorded a huge $262 million (around £170 million/AU$250 million) loss, and the American firm expects that figure to grow in 2013.

Barnes & Noble has tried to keep pace in the now-lucrative tablet market, but its most recent offerings - the 7-inch Nook HD and 9-inch Nook HD+ - fall a little short of the mark when compared to similarly priced slates.

We've contacted Barnes & Noble asking how it plans to revive the Nook brand or whether it has any plans to cut its losses and run. We'll update this article once we hear back.